1. Abstract
This project is conducted by team 8 of Microeconomics class in KAIST. The objective is to analyze the item market of Cyworld using concepts and tools that we learned from the class. Cyworld is one of the biggest web communities and its profits are heavily dependent on the item market.
To collect data on the current status of the firm and how customers would react to the new system
Item writing and moderation
-Writing items
There are always possibilities that text takers might misinterpret the items, so it is important for item writers to scrutinize the items from test takers' point of view. Also, items are required to be consistent with the specifications from start to end. After writing items, moderation will be followed to find weaknesses in the items and revise them
3. Columns 4 to 7 indicate, for each item, the purchase unit which is the size of the shipping container (ground beef comes in 10-pound bag), number of purchase units (there are six 10-pound bags in a purchase unit of ground beef), cost per unit (a 10-pound bag of ground beef costs $28.50-or $2.85 per pound), and total cost of the item (six 10-pound bags of ground beef at $28.50 equals $171).
1. Brief Introduction to the Companies and the Industry in which they compete.
(1) Coca-Cola Company (CCC)
The Coca-Cola Company is the largest manufacturer, distributor and marketer of nonalcoholic beverage concentrates and syrups in the world. The Company were incorporated in September 1919 under the laws of the Sate of Delaware and succeeded to the business of a Georgia corporation with t
I. Introduction.
The company Sunoco was brought about on March 27, 1886 in Pennsylvania by Joseph Newton Pew and Edward O. Emerson. The two men, who had been working together in The Peoples Natural Gas Company, joined into a partnership with the mission of diversifying their business. The company quickly grew and in 1890 was named The Sun Oil Company of Ohio. It worked in producing, transport